Monday, November 1, 2010

Bank of America Corporation BAC Technical Analysis

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for November 01, 2010

Bank of America Corporation BAC Resistance & Support Levels - 11/01/2010


Resistance levels: $11.72, $11.63, $11.54

Support levels:$11.36, $11.27, $11.18



Bank of America is trading near $11 level last few days look like stock got some base in $11. Stock may be found support  $11 level Bank of America will new resistance level  $12. If Bank of America would break below $11, we could see $10 in coming days. If stock break over $12.30, we could see new uptrend i in  Bank of America stock.This would probably cause the stock market to correction come near future.That will be good buying opportunity.


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